Civic Intelligence

Southern Iowa Development Group Inc.

990 • Fiscal year 2016 • EIN 42-1301169

Oct 01, 2015 to Sep 30, 2016 • Filed on Jun 29, 2016

Organization ProfileWWW.SICOG.COM/AFFILIATES/SIDG
101 East Montgomery StreetCreston, IA 50801

(641) 782-8491

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

32nd percentile

0.02x

Higher debt load relative to assets than 32% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

85th percentile

1.02x

Higher debt load relative to revenue than 85% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

91st percentile

45%

Higher net margin than 91% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

52nd percentile

1.9%

Faster asset growth than 52% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

57th percentile

5.5%

Faster revenue growth than 57% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets32nd percentile

Assets

Up

$2,217,136

Up $41,116 (+1.9%) from 2015

Net Assets

Up

$2,164,280

Up $23,611 (+1.1%) from 2015

Liabilities

Up

$52,856

Up $17,505 (+50%) from 2015

Revenue And Expenses
Liabilities / Revenue85th percentileNet Margin91st percentile

Revenue

Up

$51,964

Up $2,728 (+5.5%) from 2015

Expenses

Down

$28,353

Down $8,320 (-23%) from 2015

Net Income

Up

$23,611

Up $11,048 (+88%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth52nd percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$4.0M$3.0M$2.0M$1.0M$0Assets 2011: $2,024,233Liabilities 2011: $59,268Net Assets 2011: $1,964,9652011Assets 2012: $2,298,101Liabilities 2012: $83,355Net Assets 2012: $2,214,7462012Assets 2013: $2,244,597Liabilities 2013: $143,548Net Assets 2013: $2,101,0492013Assets 2014: $2,228,108Liabilities 2014: $108,869Net Assets 2014: $2,119,2392014Assets 2015: $2,176,020Liabilities 2015: $35,351Net Assets 2015: $2,140,6692015Assets 2016: $2,217,136Liabilities 2016: $52,856Net Assets 2016: $2,164,2802016Assets 2017: $2,247,280Liabilities 2017: $52,118Net Assets 2017: $2,195,1622017Assets 2018: $2,237,251Liabilities 2018: $50,154Net Assets 2018: $2,187,0972018Assets 2019: $2,241,342Liabilities 2019: $58,727Net Assets 2019: $2,182,6152019Assets 2020: $2,059,739Liabilities 2020: $44,469Net Assets 2020: $2,015,2702020Assets 2021: $3,072,784Liabilities 2021: $56,682Net Assets 2021: $3,016,1022021Assets 2022: $3,298,047Liabilities 2022: $106,662Net Assets 2022: $3,191,3852022Assets 2023: $3,309,527Liabilities 2023: $85,849Net Assets 2023: $3,223,6782023Assets 2024: $3,320,024Liabilities 2024: $69,908Net Assets 2024: $3,250,1162024

Highlighted filing

2016

Assets$2,217,136
Liabilities$52,856
Net Assets$2,164,280
Open 2016 Filing

Operations Trend

Revenue Growth57th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.5M$1.0M$500K$0-$500KExpenses 2011: $45,1982011Expenses 2012: $66,6312012Revenue 2013: $106,547Expenses 2013: $220,244Net Income 2013: -$113,6972013Revenue 2014: $73,381Expenses 2014: $55,191Net Income 2014: $18,1902014Revenue 2015: $49,236Expenses 2015: $36,673Net Income 2015: $12,5632015Revenue 2016: $51,964Expenses 2016: $28,353Net Income 2016: $23,6112016Revenue 2017: $141,321Expenses 2017: $110,439Net Income 2017: $30,8822017Revenue 2018: $45,530Expenses 2018: $53,595Net Income 2018: -$8,0652018Revenue 2019: $57,213Expenses 2019: $61,695Net Income 2019: -$4,4822019Revenue 2020: $50,012Expenses 2020: $217,357Net Income 2020: -$167,3452020Revenue 2021: $1,218,637Expenses 2021: $217,805Net Income 2021: $1,000,8322021Revenue 2022: $233,910Expenses 2022: $58,627Net Income 2022: $175,2832022Revenue 2023: $70,030Expenses 2023: $37,737Net Income 2023: $32,2932023Revenue 2024: $61,886Expenses 2024: $35,448Net Income 2024: $26,4382024

Highlighted filing

2016

Revenue$51,964
Expenses$28,353
Net Income$23,611
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2015 to Sep 30, 2016
Signed
Jun 29, 2016
Return Version
2015v3.0
Gross Receipts
$51,964
Mission and Program Overview

Mission

To further the economic development of the region, to promote and assist the growth and development of business and to stimulate business opportunities in the counties of adair, adams, clarke, decatur, union, madison, ringgold, and taylor in southern iowa.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$2,140,669$2,164,280▲ $23,611
Investments Program Related$798,838$1,154,669▲ $355,831
Savings and Temporary Cash Investments$1,371,871$1,056,107▼ $315,764
Cash and Non-Interest-Bearing Accounts$5,311$6,360▲ $1,049
Total Assets$2,176,020$2,217,136▲ $41,116
Liabilities
Accounts Payable and Accrued Expenses$35,351$52,856▲ $17,505
Total Liabilities$35,351$52,856▲ $17,505
Net Assets / Fund Balance
Total Net Assets Fund Balance$2,140,669$2,164,280▲ $23,611
Total Liabilities and Net Assets / Fund Balance$2,176,020$2,217,136▲ $41,116

Asset Categories

AssetBook ValueDepreciationBasis
Investment Program Related Org$1,154,669--
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
Marvin MccannChair
Aaron PriceVice - Chair
Beth WaddleDirector
Doug DavidsonDirector
Jr CornettDirector
Karen ZabelDirector
Linda EnglandDirector
Michelle TullbergDirector
Royce DredgeDirector
Tom LesanDirector
William TrickeyDirector
Timothy OstroskiExecutive Di
John TwomblySecretary
Ron RileyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$4,859
Program Service Revenue
$45,479
Investment Income
$1,626
Other Revenue
$0
All Other Contributions
$4,859
Change in Net Assets
$23,611
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$28,353
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$41--$41
All Other Expenses$2--$2
Total Functional Expenses$28,353$0$0$28,353
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“Is reviewed by the executive director, and then the complete form 990 is mailed to the board members for review prior to the executive board meeting. The form 990 is discussed by the executive board members, during the executive board meeting, prior to approval.”

Form 990, Page 6, Part VI, Line 12C

“Conflict of interest form is distributed to the board members annually for review and signature on certification form that no perceived or actual conflict exists.”

Form 990, Page 6, Part VI, Line 19

“Available to the public upon request, during normal business hours.”

Filing and Contact Details

Filer

Filer Name
Southern Iowa Development Groupinc
EIN
42-1301169
Phone
6417828491
Address
101 EAST MONTGOMERY STREET, CRESTON, IA 50801

Signing Officer

Name
Timothy Ostroski
Title
Executive Director
Phone
6417828491
Signed
2016-06-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Timothy Ostroski
Formed
1987
Legal Domicile
Ia
Voting Board Members
14
Independent Board Members
14
Employees
0

Preparer

Firm
Faller Kincheloe and Co Plc
Address
2721 SW 30TH ST, DES MOINES, IA 50321-1409
Preparer
Alan Kincheloe
Phone
5153625672
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“To further the economic development of the region, to promote and assist the growth and development of business and to stimulate business opportunities in the counties of adair, adams, clarke, decatur, union, madison, ringgold, and taylor in southern iowa.”

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IRS990/ReconcilationRevenueExpnssAmt023611
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0true
IRS990/RevenueAmt031241
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt02140669
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt02164280
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01371871
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01056107
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt04859
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt011100
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt017882
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt032975
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0231000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0297816
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt047105
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt038136
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt038101
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt051782
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt051025
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0226149
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt047105
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.56840
IRS990ScheduleA/PublicSupportPY170Pct00.62780
IRS990ScheduleA/PublicSupportTotal170Amt0297816
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt04859
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt011100
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt017882
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt032975
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0231000
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0297816
IRS990ScheduleA/TotalSupportAmt0523965
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt01154669
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0LOANS RECEIVABLE
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/TotalBookValueProgramRltdAmt01154669
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TO FURTHER THE ECONOMIC DEVELOPMENT OF THE REGION, TO PROMOTE AND ASSIST THE GROWTH AND DEVELOPMENT OF BUSINESS AND TO STIMULATE BUSINESS OPPORTUNITIES IN THE COUNTIES OF ADAIR, ADAMS, CLARKE, DECATUR, UNION, MADISON, RINGGOLD, AND TAYLOR IN SOUTHERN IOWA.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1IS REVIEWED BY THE EXECUTIVE DIRECTOR, AND THEN THE COMPLETE FORM 990 IS MAILED TO THE BOARD MEMBERS FOR REVIEW PRIOR TO THE EXECUTIVE BOARD MEETING. THE FORM 990 IS DISCUSSED BY THE EXECUTIVE BOARD MEMBERS, DURING THE EXECUTIVE BOARD MEETING, PRIOR TO APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2CONFLICT OF INTEREST FORM IS DISTRIBUTED TO THE BOARD MEMBERS ANNUALLY FOR REVIEW AND SIGNATURE ON CERTIFICATION FORM THAT NO PERCEIVED OR ACTUAL CONFLICT EXISTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3AVAILABLE TO THE PUBLIC UPON REQUEST, DURING NORMAL BUSINESS HOURS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02176020
IRS990/TotalAssetsEOYAmt02217136
IRS990/TotalAssetsGrp/BOYAmt02176020
IRS990/TotalAssetsGrp/EOYAmt02217136
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt04859
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt028353
IRS990/TotalFunctionalExpensesGrp/TotalAmt028353
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt035351
IRS990/TotalLiabilitiesEOYAmt052856
IRS990/TotalLiabilitiesGrp/BOYAmt035351
IRS990/TotalLiabilitiesGrp/EOYAmt052856
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02140669
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02164280
IRS990/TotalProgramServiceExpensesAmt028353
IRS990/TotalProgramServiceRevenueAmt045479
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt047105
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt051964
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02176020
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02217136
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0101 E MONTGOMERY
IRS990/USAddress/CityNm0CRESTON
IRS990/USAddress/StateAbbreviationCd0IA
IRS990/USAddress/ZIPCd050801
IRS990/VotingMembersGoverningBodyCnt014
IRS990/VotingMembersIndependentCnt014
IRS990/WebsiteAddressTxt0WWW.SICOG.COM/AFFILIATES/SIDG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0TIMOTHY OSTROSKI
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum06417828491
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-06-29
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SOUTHERN IOWA DEVELOPMENT GROUPINC
ReturnHeader/Filer/BusinessNameControlTxt0SOUT
ReturnHeader/Filer/EIN0421301169
ReturnHeader/Filer/PhoneNum06417828491
ReturnHeader/Filer/USAddress/AddressLine1Txt0101 EAST MONTGOMERY STREET
ReturnHeader/Filer/USAddress/CityNm0CRESTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IA
ReturnHeader/Filer/USAddress/ZIPCd050801
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0261600907
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0FALLER KINCHELOE AND CO PLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02721 SW 30TH ST
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0DES MOINES
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0503211409
ReturnHeader/PreparerPersonGrp/PhoneNum05153625672
ReturnHeader/PreparerPersonGrp/PreparationDt02017-06-30
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ALAN KINCHELOE
ReturnHeader/ReturnTs02017-06-30T12:12:46-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-10-01
ReturnHeader/TaxPeriodEndDt02016-09-30
ReturnHeader/TaxYr02015

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,217,136
Liabilities
$52,856
Net assets
$2,164,280
Revenue
$51,964
Expenses
$28,353
Net income
$23,611
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.32$0.07$3.25$0.06$0.04$0.03
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.31$0.09$3.22$0.07$0.04$0.03
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.30$0.11$3.19$0.23$0.06$0.18
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.07$0.06$3.02$1.22$0.22$1.00
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.06$0.04$2.02$0.05$0.22$0.17
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.24$0.06$2.18$0.06$0.06$0.00
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.24$0.05$2.19$0.05$0.05$0.01
2017Summary only. Only limited summary data is available for this year.$2.25$0.05$2.20$0.14$0.11$0.03
2016Detailed filing. Detailed filing data is available for this year.$2.22$0.05$2.16$0.05$0.03$0.02
2015Detailed filing. Detailed filing data is available for this year.$2.18$0.04$2.14$0.05$0.04$0.01
2014Detailed filing. Detailed filing data is available for this year.$2.23$0.11$2.12$0.07$0.06$0.02
2013Summary only. Only limited summary data is available for this year.$2.24$0.14$2.10$0.11$0.22$0.11
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.30$0.08$2.21$0.07
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.02$0.06$1.96$0.05